Nemetschek SE

Investor Presentation • Apr 27, 2023

Earnings Call Q1-23

Nemetschek Group April 27, 2023

Financial Results Q1-23

Key Messages

• 1. Successful start to the year & well on track to reach outlook FY-23
• 1. Q1 supported by catch-up effects from Q4 and by pre-buying ahead of announced price increases in Design segment
• 1. As planned: Substantial progress on our journey to a subscription and SaaS centric business model in all segments
• 1. We are well positioned to achieve above-market growth and shareholder returns in the medium- to long-term, capitalizing on our leading positions in structurally growing industries

Transforming the AEC Industry: From Silos to Workflows

NACSS 2023

Key Financial Highlights Q1-23: Successful Start to the Year

Segments Q1-23: Re-acceleration in Design, Build and Media According to Plan

Revenues by Type: Strong Increase in Recurring Revenue Share

1 Constant currency 2 Annual Recurring Revenue (ARR): Average of all recurring revenues (Sub./SaaS and maintenance contracts) over the last

At a Glance: Income Statement and Important KPIs

Key Figures mEUR	Q1-23	In % of revenue	Q1-22	Growth y/y
Revenues	204.6	100%	192.2	+6.5%
Cost of goods and services	-7.8	3.8%	-6.9	+12.7%
Personnel expenses	-88.8	43.4%	-78.2	+13.5%
Other operating income/expenses	-47.1	23.0%	-37.3	+26.2%
EBITDA	61.0	29.8%	69.8	-12.7%
EBITDA margin	29.8%	-	36.3%	-652bps
D&A (incl. PPA)	-14.4	7.0%	-13.5	+6.1%
EBIT	46.6	22.8%	56.3	-17.2%
EBIT margin	22.8%	-	29.3%	-649bps
Net income (group shares)	36.3	17.7%	42.6	-14.9%
EPS	0.31	-	0.37	-14.9%
FCF (before M&A)	72.5	-	61.3	+18.2%
Equity ratio in %	58.0%	-	52.7%	-
Net Cash	189.1	-	86.9	-

Outlook

09 Nemetschek Group | Earnings Call Q1-23

Outlook 2023: On Track after Successful Start to the Year

2022	Guidance	Ambition
Starting Point	2023	2024	2025
ARR: EUR 581.7m Share Recurring Revenue: 66% Revenue: EUR 801.8m EBITDA Margin: 32.0%	ARR Growth: > 25% Share Recurring Revenue: > 75% Revenue Growth: 4% - 6% (at constant currencies) EBITDA Margin: 28% - 30%	Revenue Growth: Double digit percentage growth EBITDA Margin: > 30% Share Recurring Revenue: ~85%	Revenue Growth: Significantly above market – At least Mid-teens

Guidance 2023:

Please note: The guidance is based on the assumption that there will be no material change in the economic conditions during the course of 2023 and that the war in Ukraine & geopolitical tensions will not escalate further.

Appendix

11 Nemetschek Group | Earnings Call Q1-23

Income Statement

€m	Q1 2023	Q1 2022	% YoY
Revenues	204.6	192.2	+6.5%
Other income	1.8	3.0	-40.5%
Operating income	206.4	195.3	+5.7%
Cost of goods and services	-7.8	-6.9	+12.7%
Personnel expenses	-88.8	-78.2	+13.5%
Other expenses	-48.9	-40.3	+21.1%
Operating expenses	-145.5	-125.5	+15.9%
EBITDA	61.0	69.8	-12.7%
Margin	29.8%	36.3%
Depreciation and amortization	-14.4	-13.5	+6.1%
t/o right -of -use assets	-4.3	-4.1	+4.4%
t/o PPA	-7.2	-7.1	+1.2%
EBIT	46.6	56.3	-17.2%
Financial result	-0.5	-0.3	+86.3%
t/o IFRS 16	-0.5	-0.3	+42.8%
EBT	46.1	56.0	-17.7%
Income taxes	-9.3	-11.7	-20.7%
Non -controlling interests	0.6	1.7	>100%
Net income (group shares)	36.3	42.6	-14.9%
EPS in EUR	0.31	0.37	-14.9%

Balance Sheet – Assets

€m	March 31, 2023	December 31, 2022
Assets
Cash and cash equivalents	234.1	196.8
Trade receivables, net	91.4	84.5
Inventories	1.0	0.9
Other current assets	50.7	44.9
Current assets, total	377.2	327.1
Property, plant and equipment	26.5	26.6
Right-of-use assets	71.1	69.8
Intangible assets	163.2	171.7
Goodwill	549.5	557.0
Other non-current assets	51.4	45.9
Non-current assets, total	861.8	871.0
Total assets	1,239.0	1,198.1

Balance Sheet – Equity and Liabilities

€m	March 31, 2023	December 31, 2022
Equity and liabilities
Short-term borrowings and current portion of long-term loans	39.8	65.1
Trade payables & accrued liabilities	62.9	86.0
Deferred revenue	258.2	206.9
Current lease liability	15.2	14.9
Other current liabilities	43.0	31.0
Current liabilities, total	419.2	403.8
Long-term borrowings without current portion	5.2	6.9
Deferred tax liabilities	18.0	19.8
Non-current lease liability	63.4	62.4
Other non-current liabilities	15.1	15.9
Non-current liabilities, total	101.8	105.1
Subscribed capital and capital reserve	128.0	128.0
Retained earnings	570.4	533.9
Other reserves	-15.7	-8.6
Non-controlling interests	35.3	36.0
Equity, total	718.1	689.2
Total equity and liabilities	1,239.0	1,198.1

Cash Flow Statement

€m	Q1 2023	Q1 2022	% YoY
Cash and cash equivalents at the beginning of the period	196.8	157.1	+25.3%
Cash flow from operating activities	74.9	72.0	+4.1%
Cash flow from investing activities	-6.0	-10.7	-43.4%
t/o CapEX	-2.6	-3.1
t/o Cash paid for acquisition of equity investments	-3.3	-0.3
Cash flow from financing activities	-29.9	-14.8	+101.9%
t/o Cash received from loans	2.5	39.0
t/o Repayments of borrowings	-27.1	-49.1
t/o Principal elements of lease payments	-4.1	-4.0
FX-effects	-1.7	1.9
Free cash flow	68.9	61.3	+12.4%
Free cash flow (before M&A)1	72.5	61.3	+18.2%
Cash and cash equivalents at the end of the period	234.1	205.6	+13.9%

SHAPE THE WORLD

NEMETSCHEK SE Investor Relations Konrad-Zuse-Platz 1 81829 Munich Germany

investorrelations@nemetschek.com www.nemetschek.com

NEMETSCHEK SE Konrad-Zuse-Platz 1 | 81829 München | Tel. (089) 540459-0 | www.nemetschek.com

Disclaimer

This presentation contains forward-looking statements based on the beliefs of Nemetschek SE management. Such statements reflect current views of Nemetschek SE with respect to future events and results and are subject to risks and uncertainties. Actual results may vary materially from those projected here, due to factors including changes in general economic and business conditions, changes in currency exchange, the introduction of competing products, lack of market acceptance of new products, services or technologies and changes in business strategy. Nemetschek SE does not intend or assume any obligation to update these forward-looking statements.